Today
BHP runs down the clock on $64b Anglo American dream
It is a week since Anglo American rejected an improved takeover bid from BHP, but as a deal deadline approaches, the target and its suitor are steadfast on their own terms.
- Peter Ker
How we can take on Tesla, according to WA’s Roger Cook
WA Premier Roger Cook insists his state’s nickel crisis should not deter major miners from pushing ahead with higher social and environmental standards.
- Tom Rabe
Lithium miners plead ‘foreign entity’ case to US over China links
Lithium miners like Mineral Resources reckon it would be counter-intuitive for their Australian mines to be labelled ‘foreign entities of concern’ by the US.
- Peter Ker
AMCI launches $47.4m block trade in Jupiter Mines; taps Barrenjoey
AMCI was willing to part with about 7.4 per cent of the company currently under its ownership at 32.5¢ a share, or an 8.5 per cent discount to the last close.
- Sarah Thompson, Kanika Sood and Emma Rapaport
BHP averts Pilbara industrial action as train drivers agree to deal
The company’s iron ore train drivers will receive $40,000 in bonus payments under a new workplace agreement that ends a decade of tensions.
- Peter Ker
- Opinion
- Critical minerals
Why WA loves the critical minerals budget boost
Peter Dutton’s refusal to endorse Labor’s plan for production tax credits for critical minerals processing and green hydrogen won’t make him popular in must-win seats in Western Australia.
- Jennifer Hewett
- Opinion
- Chanticleer
The $64b question at the heart of Mike Henry’s biggest test
Key BHP investors including AFIC are supportive of the mining giant lifting its bid for Anglo American. But the question is: how much?
- James Thomson
Patriot Battery Metals in $44m capital raise; Euroz, Argonaut on hand
Shares were being offered at 85¢ a pop in a term sheet seen by Street Talk.
- Sarah Thompson, Kanika Sood and Emma Rapaport
- Analysis
- Mining
Inside Anglo American’s rushed break-up plan
Some of the most senior executives at Anglo American were caught off-guard by Duncan Wanblad’s spectacular break-up plan. Even the CEO himself.
- Updated
- Peter Ker
AusSuper sets sights on becoming a global force in critical minerals
Australia’s largest industry super fund will step up its investment in battery metal lithium as it seeks to grow its $12 billion critical minerals fund.
- Elouise Fowler
Yesterday
Rio makes safety change after double-impact derailment
Iron ore giant Rio Tinto reopened the rail line damaged in a train crash as the Mining and Energy Union seeks to highlight a pattern of alleged safety failures.
- Brad Thompson
This Month
How the west’s miners won over Canberra
The production tax credits on critical minerals processing unveiled in the federal budget were the result of months of careful negotiations that started with a meeting in Perth.
- Brad Thompson
JPMorgan starts pounding pavement for Carnarvon Energy’s strat review
Potential bidders have been told to think of the opportunity to consolidate their Dorado stake by buying up JV partner Santos’ stake.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Anglo American wants a single buyer for its Australian coal division
The London-listed diversified miner this week unveiled a major divestment plan designed partly to keep a $64.4 billion buyout proposal from BHP from succeeding.
- Peter Ker
This small cap has rocketed since South32’s manganese mine disaster
Shares in Jupiter Mines have doubled in value since Cyclone Megan forced the closure of one of the world’s biggest producers of the steel making commodity.
- Tom Richardson
- Opinion
- Chanticleer
Why BHP’s hopes of buying Anglo American are fading fast
BHP boss Mike Henry has taken his takeover pitch directly to Anglo American investors. But the hurdles to this bid are multiplying, and time is running out.
- Updated
- James Thomson
- Opinion
- Energy transition
Billions are not enough to realise critical mineral and renewable hydrogen hopes
Where the government can make a real difference is getting the basics right; starting with environmental approval processes is just too hard.
- Patrick Gibbons
Rio chief ‘not afraid’ of M&A as Anglo break-up looms
Jakob Stausholm won’t rule out entering the acquisition fray, but told investors he doesn’t want big transactions to derail his recovery mission at the miner.
- Peter Ker
- Updated
- Mergers & acquisitions
BHP says Anglo American demerger plan vindicates takeover structure
The London-listed miner will sell or shut assets except those producing copper, iron ore and crop nutrients as it hopes to see off its Australian suitor.
- Updated
- Peter Ker
- Updated
- Federal budget
Miners hail tax credits but Coalition to block ‘billions for billionaires’
Australia’s critical minerals industry has hailed $13.7 billion in budget tax credits at the same time as the Coalition has vowed to block the policy claiming it will deliver “billions to billionaires”.
- Brad Thompson
